What would make a mutual fund drop 7 percent in one day? I've got a Global fund that's down that much today, even though it looks like most markets are up. I can't find any new news about the fund, and I don't see anything in my account about a big one-time dividend or anything.

It's probably the day of the distributions. It'll go up tomorrow by 7%.

Redrum_69

12-27-2006, 11:11 AM

read your PM rainboy

Hailchief

12-27-2006, 11:12 AM

I wouldn't worry to much about it...SHORT TERM....If the trend continues throughtout a week or so then you should question moving....Funds often drop significantly then bounce right back....Your probably in for the long haul thus will be fine...

My two cents

Chief

Chief Pote

12-27-2006, 11:14 AM

um...how the hell is this related to CHIEFS??!?!

shouldnt this go under some other forum?

How in the hell can a derelict schmuck like you, talk to an CP icon aka Rain Man like that?

Chiefnj

12-27-2006, 11:15 AM

Here is a simple explanation of what is happening. You can climb off the window ledge.

http://mutualfunds.about.com/cs/taxes/a/distributions.htm

Redrum_69

12-27-2006, 11:17 AM

How in the hell can a derelict schmuck like you, talk to an CP icon aka Rain Man like that?

would you rather me turn my attention over to you?

Iowanian

12-27-2006, 11:22 AM

Oil dropped alot this week. Is your mf heavily invested in Engery?

L.A. Chieffan

12-27-2006, 11:23 AM

um...how the hell is this related to CHIEFS??!?!

shouldnt this go under some other forum?
If Chiefs were a stock it would be plummeting.
Turn on the news and it would be like

"Chiefs stock is crashing...

gold is up two points."

Chief Pote

12-27-2006, 11:27 AM

would you rather me turn my attention over to you?

My emotions/reaction in chronological order.

:hmmm: nlm, wait wait not that. :eek: :Poke:

Rain Man

12-27-2006, 11:35 AM

It's probably the day of the distributions. It'll go up tomorrow by 7%.

How weird that I've never noticed this before. Thanks for the info.

Rain Man

12-27-2006, 11:38 AM

um...how the hell is this related to CHIEFS??!?!

shouldnt this go under some other forum?

It affects my ability to afford to go to games. If I can't go to a game, then that seat gets taken by someone who won't yell the precise, carefully researched and crafted words that will shatter Jay Cutler's self-confidence. If that doesn't happen, then perhaps the Broncos win at Arrowhead, costing us a playoff spot and ending up with some weird team like the Falcons hoisting the Lombardi in 2007 instead of the Chiefs.

NOW do you still want it moved to another forum? Is it REALLY worth costing the Chiefs a Super Bowl?

Redrum_69

12-27-2006, 11:39 AM

NOW do you still want it moved to another forum? Is it REALLY worth costing the Chiefs a Super Bowl?

Actually...if it means we have a shot at going to the playoffs...then I'm all for it

Baby Lee

12-27-2006, 11:40 AM

Oil dropped alot this week. Is your mf heavily invested in Engery?
Depends, what is engery?
Should Rain Man consult with a personal engery attorney? ;)

Bowser

12-27-2006, 12:04 PM

Depends, what is engery?
Should Rain Man consult with a personal engery attorney? ;)